Escrow

An escrow account is where you can put money to ensure that your real estate taxes get paid on time. Escrow accounts may be managed by either a mortgage company or the homeowner himself. Putting money in escrow means to set money aside in this account for real estate taxes. Learn the pros and cons of who should manage an escrow account.

Featured Escrow Article

Escrow Account: Handle Yourself Or Through Mortgage Company?

Is it better to handle escrow accounts yourself, or let your mortgage company handle escrow. Ilyce prefers to handle escrow herself rather than through her mortgage company. This way, the money in the escrow account earns interest and you know for sure you real estate tax bill will be paid on time.

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